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Pending Global Warming Resolutions for 2007 Proxy Season

Investors have filed 42 global warming resolutions with U.S. companies as part of the 2007 proxy season – nearly double the number of climate-related resolutions filed just three years ago. The resolutions, seeking greater disclosure from companies on their responses and strategies to climate-related business trends, were filed by state and city pension funds and labor, foundation, religious and other institutional shareholders. The filers collectively manage more than $200 billion in assets. Some of the resolutions at these companies are not proceeding to a vote either because the proposal was withdrawn by shareholders after a satisfactory pledge by the company to implement the request, or because the U.S. Securities and Exchange Commission (SEC) excluded the proposal on technical grounds.

Investors have filed 42 global warming resolutions with U.S. companies as part of the 2007 proxy season – nearly double the number of climate-related resolutions filed just three years ago. The resolutions, seeking greater disclosure from companies on their responses and strategies to climate-related business trends, were filed by state and city pension funds and labor, foundation, religious and other institutional shareholders. The filers collectively manage more than $200 billion in assets. Some of the resolutions at these companies are not proceeding to a vote either because the proposal was withdrawn by shareholders after a satisfactory pledge by the company to implement the request, or because the U.S. Securities and Exchange Commission (SEC) excluded the proposal on technical grounds.

The following companies have global warming-related resolutions proceeding to a vote in 2007 proxy season. Please note that the date in parentheses refers to the estimated date of the company annual meeting. Unless an investor is voting in person at the annual meeting, the deadline for voting proxies is the generally the day before the annual meeting.

Memos describing the business rationale behind the filings can also be downloaded for each respective company.

The resolutions have been submitted by foundations (e.g. the Nathan Cummings Foundation), public pension funds (e.g. State of Connecticut, New York City, North Carolina), labor unions (e.g. SEIU), as well as socially responsible investment firms and faith-based institutional investors affiliated with Ceres and the Interfaith Center on Corporate Responsibility. Not all parties have signed on to all resolutions.

We ask shareholders to: 1) look seriously at these shareholder resolutions on global warming, 2) inform your colleagues of their importance, 3) check your investment portfolio to see if you hold any of these stocks and 4) consider voting your proxies in support of these resolutions. If you or your institution votes its proxies directly, it is simply a matter of checking the box on the proxy ballot. If your investment manager or a shareholder service votes your proxies, you just have to instruct them on how you want them to vote for you on this issue.

The following resolutions remain viable and may proceed to a vote at the company annual meetings later this spring or have already gone to vote. (Note: until the proxies are printed these resolutions are still subject to withdrawal by shareholders or SEC decisions to permit companies to exclude the resolutions). These include:

ExxonMobilRESOLVED: Shareholders request that the Board of Directors adopt quantitative goals, based on current technologies, for reducing total greenhouse gas emissions from the Company's products and operations; and that the Company report to shareholders by September 30, 2007, on its plans to achieve these goals. Such a report will omit proprietary information and be prepared at reasonable cost.

RESOLVED: The shareholders request that ExxonMobil’s Board adopt a policy of significantly increasing renewable energy sourcing globally, with recommended goals in the range of between 15%-25% of its energy sourcing by between 2015-2025.

ChevronRESOLVED: Shareholders request that the Board of Directors publicly adopt quantitative goals, based on current and emerging technologies, for reducing total greenhouse gas emissions from the company's products and operations below 1990 levels; and that the company report to shareholders by September 30, 2007, on its plans to achieve these goals. Such a report will omit proprietary information and be prepared at reasonable cost.

ConocoPhilipsRESOLVED: Shareholders request the Board to prepare a report (at reasonable cost and omitting proprietary information) by September 1, 2007 explaining how the company will respond to rising regulatory, competitive and public pressure to significantly develop renewable energy sources.

Ultra PetroleumRESOLVED: Shareholders request that a committee of independent directors of the Board assess how the company is responding to rising regulatory, competitive, and public pressure to significantly reduce carbon dioxide and other greenhouse gas emissions and report to shareholders (at reasonable cost and omitting proprietary information) by December 1, 2007.

AUTO COMPANIES:Ford (May 10, 2007)GM (June 7, 2007)

FordRESOLVED: shareholders request that the Board of Directors publicly adopt quantitative goals, based on current and emerging technologies, for reducing total greenhouse gas emissions from the company's products and operations; and that the company report to shareholders by September 30, 2007, on its plans to achieve these goals. Such a report will omit proprietary information and be prepared at reasonable cost.

Allegheny EnergyRESOLVED: Shareholders request a report [reviewed by a board committee of independent directors] on how the company is responding to rising regulatory, competitive, and public pressure to significantly reduce carbon dioxide and other emissions from the company's current and proposed power plant operations. The report should be provided by September 1, 2007 at a reasonable cost and omit proprietary information.

DominionRESOLVED: same as Allegheny (above).

Southern CompanyRESOLVED: Shareholders request that the Board of Directors report to shareholders actions the company would need to take to reduce total CO2 emissions, including quantitative goals for existing and proposed plants based on current and emerging technologies, by September 30, 2007. Such report shall omit proprietary information and be prepared at reasonable cost.

TXU – 2 proposals pending for a voteRESOLVED: Shareholders request that the Board of Directors adopt quantitative goals for existing and proposed plants, based on current and emerging technologies, to reduce (a) mercury emissions to levels achievable by the best available control technology, and (b) total CO2 emissions below 2004 levels; and that the company report to shareholders by September 30, 2007, on its plans to achieve these goals. Such report shall omit proprietary information and be prepared at reasonable cost.

RESOLVED (Not going to vote due to being effectively turned back by the SEC), that the Board of Directors of TXU undertake a study of energy efficiency with respect to TXU's existing and proposed power plants and report back to shareholders describing the impact that significant improvements in energy efficiency would have on TXU, and what role TXU can play to call increase revenue by helping customers reduce demand for electricity. That study and report should include:

An analysis of the potential energy savings that could be generated if energy efficiency actions similar to those recommended in recent national studies were implemented

An analysis of costs to the company of implementing such energy efficiency actions with respect to TXU's operations, and what barriers exist to such implementation.

An analysis of the reduction in demand that would occur if energy efficiency actions were implemented by TXU's customers, and what impact this would have on the plan to build new generating capacity

A summary of the role that TXU has played and intends to play to advance policies to reward TXU and its shareholders financially for efforts to reduce demand and increase energy efficiency

COAL COMPANIES:Massey Energy (May 22, 2007)

MasseyRESOLVED: Shareholders request a report [reviewed by a board committee of independent directors] on how the company is responding to rising regulatory, competitive, and public pressure to significantly reduce carbon dioxide and other emissions from the company's products and operations. The report should be provided by September 1, 2007 at a reasonable cost and omit proprietary information.

Bed, Bath & BeyondRESOLVED: The shareholders request that the Board assess how the company is responding to rising regulatory, competitive and public pressure to address climate change and report to shareholders (at reasonable cost and omitting proprietary information) by December 1, 2007.

Boston PropertiesRESOLVED: Shareholders request that the Company assess its response to rising regulatory, competitive, and public pressure to increase energy efficiency and report to shareholders (at reasonable cost and omitting proprietary information) by July 1, 2007.

CentexRESOLVED: Shareholders request that the Board assess how the company is respondingto rising regulatory, competitive and public pressure to address climate change and report to shareholders (at reasonable cost and omitting proprietary information) by December 1, 2007.

KrogerRESOLVED: The shareholders request that a committee of independent directors of the Board assess how the company is responding to rising regulatory, competitive, and public pressure to address climate change and report to shareholders (at reasonable cost and omitting proprietary information) by December 1, 2007.

Whole FoodsRESOLVED: Shareholders request that the Company assess its response to rising regulatory, competitive, and public pressure to increase energy efficiency and report to shareholders (at reasonable cost and omitting proprietary information) by July 1, 2007.